AndyM
Long

DXY to remain in correction till Jan, final top Nov 2016.

INDEX:DXY   U.S. Dollar Index
407 1 15
Hi everyone,

In this analysis I wanted to compare the duration of various waves in DXY             and try to estimate the timings of the next moves.

I think we are running an upward looking corrective structure which started March 17th 2008. It's a flat, and we are tracing its impulsive C wave, currently in (4). Wave (2) retraced almost 50% of (1), wave (3) neatly delivered a 1.618 extension of (1), and wave (4) has so far retraced nearly 0.382 of (3). So it's a nicely fit impulse, with a leading diagonal acting as (1).

The question is how long (4) and (5) will last.

I noticed that (2) and (3) lasted almost the same number of days - 213 and 220 respectively. So I thought the impulse would look "right" if we project the same duration onto wave 4 and 5. With that done, I get Jan 7th as a deadline for w4 completion and Nov 16th 2016 as a final wave 5 completion target.

In the current wave (4) we have Sept 16th as a milestone where the duration of (4) will reach 0.618 of (3). So if the market is impatient and willing to go up, it's also the right time to hit the road to the new highs.

Any comments are welcome, I am specifically interested if anyone has done any research on the proportions of wave duration.
Andy, very helpful, thank you! Agree that we will see 100+ levels and therefore EUR will sink under the parity as outcome of it.
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